Dow 7-Day Losing Streaks

The Dow is currently riding a 7-day losing streak, so it should be due for some gains, right?  Not exactly.  Over the last 50 years, the Dow has gone higher on day 8 following 7-day losing streaks just over half the time (53%) with an average gain of just 0.01%.  In the week after 7-day losing streaks, the returns have been noticeably negative, with an average change of -0.29% (median -0.92%) and gains just 31% of the time.  So instead of getting a bounce after 7 straight days of losses, the market has typically continued even lower.

Comments

[Mark]

Could you please update the chart to show the average/median loss during those 7 days?